Banknote News

Breaking news about international paper & polymer money

Malawi new banknote family confirmed

According to an article in the Nyasa Times dated 17 May 2012, the Reserve Bank of Malawi issued new banknotes on 23 May 2012. The bank is replacing the old denominations 10-500 kwacha, and adding a new 1,000-kwacha (US$4) note. The new notes, printed by De La Rue, are "much smaller in size" than the current notes which measure from 132 x 66 mm to 162 x 81 mm. Old notes will circulate in parallel until 22 May 2013, at which time they will cease to be legal tender. Three months later, they will be demonetized.